The Federal Transit Administration's (FTA) Capital Investment Grant Program is getting a funding boost under President Obama's proposed fiscal year 2015 budget. The proposed budget for 2015 includes $2.5 billion for FTA's grant programs and represents an increase of $400 million over the requested 2014 budget.

A breakdown of the requested funds shows $1.4 billion for existing New Starts Full Funding Grant Agreements (FFGAs) and $578.2 million for proposed New FFGAs, $275 million for Core Capacity projects, $199 million for proposed Small Starts Grant Agreements and $37 million for management and oversight.

The proposed budget also includes $275 million for Chicago Transit Authority's Red and Purple Line Modernization Project in the funding for Core Capacity Projects. Additionally, $49 million was recommended for Fort Lauderdale's Wave Streetcar Project.